As stated, was overbought and had to come back to fill the gap… so we need to monitor new uptrend forming as the 20/50DMA Golden Crosses - so long as it doesn’t break down below the new trendline, it’s safe to say a new Uptrend is underway. All good things come to an end, just like bad things, so just as it was simple to identify the end of the old Down Channel unless you left school after failing every single exam if you even took one, it will be easy to see whether we are still trending higher over time regardless of daily volatility, or when it has run it’s course. For now, just be happy.
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